Airship AI Financials
This page shows Airship AI (AISPW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Airship AI passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Airship AI generates $-0.27 in operating cash flow (-$8.0M OCF vs $29.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Airship AI earns $-25.5 in operating income for every $1 of interest expense (-$7.2M vs $283K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Airship AI generated $15.3M in revenue in fiscal year 2025. This represents a decrease of 33.5% from the prior year.
Airship AI's EBITDA was -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 106.0% from the prior year.
Airship AI reported $29.3M in net income in fiscal year 2025. This represents an increase of 151.0% from the prior year.
Airship AI earned $0.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 132.5% from the prior year.
Cash & Balance Sheet
Airship AI held $11.8M in cash against $0 in long-term debt as of fiscal year 2025.
Airship AI had 34M shares outstanding in fiscal year 2025. This represents an increase of 12.4% from the prior year.
Margins & Returns
Airship AI's gross margin was 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.6 percentage points from the prior year.
Airship AI's operating margin was -47.1% in fiscal year 2025, reflecting core business profitability. This is down 31.9 percentage points from the prior year.
Airship AI's net profit margin was 191.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 440.7 percentage points from the prior year.
Capital Allocation
Airship AI invested $3.1M in research and development in fiscal year 2025. This represents an increase of 9.7% from the prior year.
AISPW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M+451.5% | $1.2M-45.2% | $2.1M-61.0% | $5.5M+71.6% | $3.2M+11.8% | $2.9M-55.2% | $6.4M-39.5% | $10.6M |
| Cost of Revenue | $2.8M+1267.7% | $203K-25.8% | $274K-90.6% | $2.9M+99.9% | $1.5M+412.4% | $285K-78.1% | $1.3M-83.2% | $7.8M |
| Gross Profit | $3.3M+450.9% | $604K-60.6% | $1.5M-31.4% | $2.2M+80.4% | $1.2M-42.5% | $2.2M-52.2% | $4.5M+71.5% | $2.6M |
| R&D Expenses | $863K+14.6% | $753K+1.7% | $741K+2.9% | $719K+116.0% | $333K-69.0% | $1.1M+52.8% | $703K+1.1% | $695K |
| SG&A Expenses | $3.1M+13.2% | $2.7M-3.4% | $2.8M-12.9% | $3.2M+34.7% | $2.4M-10.1% | $2.7M-5.7% | $2.8M-15.2% | $3.3M |
| Operating Income | -$613K+78.6% | -$2.9M-41.8% | -$2.0M-17.9% | -$1.7M-14.9% | -$1.5M+6.1% | -$1.6M-262.6% | $976K+169.6% | -$1.4M |
| Interest Expense | $247K+370.5% | $53K-13.3% | $61K+178.1% | -$78K+95.1% | -$1.6M-1288.3% | $134K-68.3% | $422K+1224.5% | $32K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $23.0M+258.2% | $6.4M+127.0% | -$23.8M-200.2% | $23.7M+147.2% | -$50.2M-907.5% | $6.2M-66.3% | $18.5M+157.8% | -$32.0M |
| EPS (Diluted) | N/A | $0.15+120.0% | $-0.75-223.0% | $0.61 | N/A | $0.17-72.1% | $0.61+143.6% | $-1.40 |
AISPW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.5M+140.3% | $8.1M-19.6% | $10.1M-22.0% | $12.9M-5.7% | $13.7M+50.7% | $9.1M+71.5% | $5.3M+13.8% | $4.7M |
| Current Assets | $18.5M+163.1% | $7.0M-21.1% | $8.9M-23.6% | $11.7M-7.9% | $12.7M+58.0% | $8.0M+92.1% | $4.2M+20.7% | $3.5M |
| Cash & Equivalents | $11.8M+104.1% | $5.8M-8.7% | $6.3M-28.4% | $8.8M-22.8% | $11.4M+75.2% | $6.5M+2773.5% | $227K-86.9% | $1.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $6.5M+418.1% | $1.2M-51.2% | $2.6M-8.1% | $2.8M+126.8% | $1.2M+9.4% | $1.1M-67.4% | $3.4M+101.8% | $1.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $26.6M-44.7% | $48.2M-15.4% | $57.0M+56.3% | $36.4M-45.4% | $66.7M+203.1% | $22.0M-33.8% | $33.3M-36.9% | $52.7M |
| Current Liabilities | $6.3M+15.0% | $5.5M-0.4% | $5.5M-12.8% | $6.3M+11.3% | $5.7M-29.2% | $8.0M-26.7% | $10.9M-18.8% | $13.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$7.1M+82.2% | -$40.1M+14.5% | -$46.9M-99.4% | -$23.5M+55.7% | -$53.0M-310.4% | -$12.9M+53.8% | -$28.0M+41.8% | -$48.1M |
| Retained Earnings | -$45.6M+33.5% | -$68.6M+8.5% | -$75.0M-46.4% | -$51.2M+31.6% | -$74.9M-202.6% | -$24.8M+20.1% | -$31.0M+37.3% | -$49.4M |
AISPW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.5M-500.1% | -$584K+68.0% | -$1.8M+13.2% | -$2.1M+0.4% | -$2.1M-737.5% | -$251K+89.7% | -$2.5M-44.6% | -$1.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $9.5M+28687.7% | $33K+104.8% | -$685K-37.7% | -$497K-107.1% | $7.0M+7.1% | $6.5M+590.6% | $947K+222.9% | $293K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AISPW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.2%-0.1pp | 51.3%-20.1pp | 71.4%+30.8pp | 40.6%+2.0pp | 38.6%-36.4pp | 75.1%+4.7pp | 70.4%+45.5pp | 24.9% |
| Operating Margin | -9.4%+234.0pp | -243.5%-149.3pp | -94.2%-63.0pp | -31.1%+15.4pp | -46.5%+8.8pp | -55.4%-70.6pp | 15.3%+28.5pp | -13.3% |
| Net Margin | 353.6%-190.8pp | 544.4%+1651.0pp | -1106.6%-1537.4pp | 430.8%+1995.6pp | -1564.8%-1781.5pp | 216.7%-71.7pp | 288.4%+590.7pp | -302.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 117.9%+38.8pp | 79.1%+314.8pp | -235.7%-419.0pp | 183.3%+549.4pp | -366.1%-434.4pp | 68.3%-279.7pp | 348.0%+1033.8pp | -685.8% |
| Current Ratio | 2.94+1.7 | 1.29-0.3 | 1.62-0.2 | 1.85-0.4 | 2.24+1.2 | 1.00+0.6 | 0.38+0.1 | 0.26 |
| Debt-to-Equity | -3.72-2.5 | -1.20+0.0 | -1.22+0.3 | -1.55-0.3 | -1.26+0.4 | -1.70-0.5 | -1.19-0.1 | -1.10 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$7.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
What is Airship AI's annual revenue?
Airship AI (AISPW) reported $15.3M in total revenue for fiscal year 2025. This represents a -33.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Airship AI's revenue growing?
Airship AI (AISPW) revenue declined by 33.5% year-over-year, from $23.1M to $15.3M in fiscal year 2025.
Is Airship AI profitable?
Yes, Airship AI (AISPW) reported a net income of $29.3M in fiscal year 2025, with a net profit margin of 191.4%.
What is Airship AI's EBITDA?
Airship AI (AISPW) had EBITDA of -$7.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Airship AI's gross margin?
Airship AI (AISPW) had a gross margin of 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Airship AI's operating margin?
Airship AI (AISPW) had an operating margin of -47.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Airship AI's net profit margin?
Airship AI (AISPW) had a net profit margin of 191.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Airship AI's operating cash flow?
Airship AI (AISPW) generated -$8.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Airship AI's total assets?
Airship AI (AISPW) had $19.5M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Airship AI spend on research and development?
Airship AI (AISPW) invested $3.1M in research and development during fiscal year 2025.
What is Airship AI's current ratio?
Airship AI (AISPW) had a current ratio of 2.94 as of fiscal year 2025, which is generally considered healthy.
What is Airship AI's debt-to-equity ratio?
Airship AI (AISPW) had a debt-to-equity ratio of -3.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Airship AI's return on assets (ROA)?
Airship AI (AISPW) had a return on assets of 150.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Airship AI's cash runway?
Based on fiscal year 2025 data, Airship AI (AISPW) had $11.8M in cash against an annual operating cash burn of $8.0M. This gives an estimated cash runway of approximately 18 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Airship AI's debt-to-equity ratio negative or unusual?
Airship AI (AISPW) has negative shareholder equity of -$7.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Airship AI's Piotroski F-Score?
Airship AI (AISPW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Airship AI's earnings high quality?
Airship AI (AISPW) has an earnings quality ratio of -0.27x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Airship AI cover its interest payments?
Airship AI (AISPW) has an interest coverage ratio of -25.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.